EUR/USD – 30M – SELLThe pair jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 1.08748 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.09014 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.09363 |
| 2nd High | 1.09165 |
| Next High | 1.09014 |
| Current Price | 1.08586 |
| Next Low | 1.08748 |
| 2nd Low | |
| 3rd Low |